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Ferry's Furniture Outlet has an accounts receivable period of 49.37 days and an accounts payable period of 36.31 days. The company turns over its inventory
Ferry's Furniture Outlet has an accounts receivable period of 49.37 days and an accounts payable period of 36.31 days. The company turns over its inventory 5.17 times per year. What is the length of the company's operating cycle? Assume 365 days per year. 34.29 days 119.97 days 85.68 days 106.91 days 83.66 days
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